VAT margin schemes
VAT return
You must show any goods you bought or sold using a margin scheme on your VAT return.
Filling in your VAT return
| Box on the VAT return form | What to fill in |
|---|---|
| Box 1 | Include the output tax due on all eligible goods sold in the period covered by the return |
| Box 6 | Include the full selling price of all eligible goods sold in the period, less any VAT due on the margin |
| Box 7 | Include the full purchase price of eligible goods bought in the period |
You do not have to include margin scheme purchases or sales in boxes 8 and 9 of your VAT return.